June 7, 2021
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Issuing/Originating, Law and Regulation, Marketing, Mobile Commerce, Point-of-sale, Transaction Processing
Point-of-sale developer SpotOn introduced SpotOn Sidekick, a handheld POS-acceptance device designed specifically for food trucks, pop-up dining, cafes, and other mobile food kitchens. Pricing was not disclosed.Visa Inc. said banking giant Goldman Sachs will deploy Visa’s B2B Connect and Visa Direct Payouts platforms to speed cross-border business-to-consumer and business-to-business payments for Goldman client …
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June 1, 2021
Acquiring, Competitive Strategies, Digital Currency, E-Commerce, Fraud & Security, Mergers & Acquisitions, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Real-time Payments, Transaction Processing
Deluxe Corp. has closed on its $960-million cash deal for payments provider First American Payments Systems, announced in April. The acquisition doubles Deluxe’s payments revenue to $600 million annually, driving its share of the company’s overall revenue from 17% to 29%.Authentication-technology provider LoginID Inc. said it has received an undisclosed investment from Visa Inc., …
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June 1, 2021
Libra—er, sorry, Diem—is coming home to the United States, a bit bruised but also a bit wiser than when it left. Bruised but unbowed, the Facebook-inspired blockchain initiative announced in May it is quitting Switzerland and linking up with La Jolla, Calif.-based Silvergate Bank as it plots the next stage …
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May 25, 2021
Competitive Strategies, E-Commerce, Fraud & Security, Mergers & Acquisitions, Mobile Commerce, Transaction Processing
Sift Science Inc. has agreed to acquire Chargeback Inc., a specialist in applying dispute-resolution technology to help merchants resolve chargebacks. Terms were not announced. The deal comes as card-not-present fraud in particular is soaring as consumers over the past year have adopted online shopping, many for the first time. U.S. …
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May 25, 2021
Acquiring, ATMs, Competitive Strategies, Debit Cards, E-Commerce, Fraud & Security, Marketing, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Transaction Processing
Payments platform dLocal Ltd. announced the launch of its initial public offering involving more than 29 million shares with an estimated price range of $16 to $18 per share.ACI Worldwide Inc. is collaborating with JPMorgan Chase & Co. to combine Chase’s European acquiring platform with ACI’s payments platform in an offering to merchants …
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May 20, 2021
Acquiring, Automated Clearing House, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Fraud & Security, Law and Regulation, Marketing, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Person-to-Person Payments, Point-of-sale, Transaction Processing
Certegy Payment Solutions LLC added a white-label version of its buy now, pay later service that enables merchants to add their own branded BNPL option.Buy now, pay later specialist Quadpay Inc. said its inaugural “Quadpay Fest” sale, which offered deals to users over a four-day period, saw 40% of purchases on average made …
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May 17, 2021
Acquiring, Competitive Strategies, Digital Currency, E-Commerce, Marketing, Mobile Commerce, Mobile Wallets, Point-of-sale, Prepaid Cards
The Container Store Group Inc. next month will start offering installment payments from buy now, pay later specialist Afterpay Ltd.With the accelerating conversion of cash to electronic payments, the total value of transactions processed by point-of-sale terminals will grow to more than $17.3 trillion globally in 2026, up from $14.8 trillion this year, …
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May 13, 2021
Acquiring, Competitive Strategies, Credit Cards, Digital Currency, E-Commerce, Electronic Bill Payment, Marketing, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Transaction Processing
Payments technology provider Priority Technology Holdings Inc. reported first-quarter revenue of $113.3 million, up almost 22% from $93.1 million. The latter figure omits $3.5 million in revenue from the company’s RentPayments business, which it sold in September.The Federal Reserve Bank of Atlanta formed the Special Committee on Payments Inclusion that will focus on advancing …
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May 7, 2021
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Issuing/Originating, Marketing, Mergers & Acquisitions, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Prepaid Cards, Transaction Processing
Payments provider Nuvei Corp. announced an agreement to acquire SimplexCC Ltd., whose technology enables market participants to buy or sell cryptocurrencies. The $250-million deal is expected to close in the second half of the year and comes on the heels of Nuvei’s agreement to acquire sports-betting technology specialist Mazooma Technical Services Inc. for $56 …
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May 6, 2021
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, Issuing/Originating, Law and Regulation, Mobile Commerce, Near-Field Communication (NFC), Point-of-sale, Transaction Processing, Vending
Flywire Corp. said users of its education payment service can now use Discover and Diners Club International cards to pay tuition and fees at educational institutions served by Flywire.The chief executives of 21 banks plus Fiserv Inc. and Jack Henry & Associates signed a letter committing their organizations to real-time bill …
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